Investment Objective The investment seeks to provide long-term growth of income and capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets in a portfolio of dividend-paying common stocks and preferred stocks that have the potential to offer long-term growth of income and capital appreciation. It invests primarily in companies with large market capitalizations similar to those of companies included in the Russell 1000 Value Index, typically using a "value approach." The fund may also invest up to 20% of its net assets in bonds and other fixed-income securities of any maturity.